The exclusive CONSENSUS BULLISH
SENTIMENT INDEX is the premium gauge of positions and attitudes
of major professional brokerage firms and advisors as interpreted and recorded
by CONSENSUS, INC.

The Index is intended as a guide only, to provide
indication of potential market directions. The theory of contrarian opinion
holds that when a predominant number of market analysts are bullish, it
is quite likely that the market is approaching an overbought condition,
and that a reversal in trend may be imminent.

By
the same reasoning, when a predominant number of market analysts are bearish,
it is quite likely that the market is approaching an oversold condition,
and that a reversal in trend may be forthcoming.

Although CONSENSUS identifies
the 75 percent level as the overbought level and 25 percent as oversold,
these points should be interpreted not as absolute reversal points, but
rather as approximate levels of potential market shifts. It is also important
to note the trends in the data to get a fuller sense of possible market
directions indicated. (See sample illustration.)

To compile the Index, CONSENSUS
draws from an extensive mix of both brokerage house analysts and independent
advisory services, from both contributors and non-contributors, to provide
the strongest possible data base. The data covers a broad spectrum of approaches
to the market, including the fundamental, technical, and cyclical: CONSENSUS
makes no attempt to discern to which of these approaches traders may be
the most responsive.

CONSENSUS considers
only opinions which have been committed to publication and therefore have
an influence on the trading public, and does not consider opinions which
brokers or advisors may hold but do not disclose publicly.

When the Index is published in an issue of CONSENSUS,
the most recent data graphed reflects positions and attitudes taken as
of one week prior to the Friday publication of that issue.

Now, the CONSENSUS SENTIMENT
INDEX is available by e-mail, Tuesday by 4:30 pm Central Time. The
CONSENSUS SENTIMENT INDEX HOTLINE provides
you with the current week's Bullish Sentiment Index figures as soon as
they are available!

The price of this new e-mail service is $312 per
year.

All data is given Friday dates, as most representative
of when market letters are issued.